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PNG LNG to meet global energy demand |
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Thursday, 17 December 2009 15:37 |
PORT MORESBY, PNG ----- With the global energy demand forecasted to triple by 2030, the PNG LNG project will be an important supply source to meet future demands, particularly in the growing Asia Pacific region.
Following ExxonMobil Corp and its partners final approval on Tuesday to the $15 billion liquefied natural gas (LNG) project, it will pave the way for the project to start shipments in 2014.
The project sanction or (Final Investment Decision –FID) is pending completion of sale agreements with LNG buyers and finalisation of financing arrangements, after which construction activity would begin in 2010.
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Last Updated on Saturday, 13 February 2010 19:18 |
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NEW ZEALAND GIVES $20 MILLION TO SOLOMONS SCHOOLS |
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Thursday, 17 December 2009 15:27 |
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Today, the Solomon Islands Government and Government of New Zealand signed a new three year funding arrangement of SB$165 million [US$20 million] to improve the quality of basic education and to ensure all Solomon Islands children can go to school. The signing of this arrangement builds upon the strong partnership that already exists between the two countries to improve education in Solomon Islands.
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PNG TO BECOME SECOND LARGEST GAS PRODUCER |
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Thursday, 17 December 2009 15:16 |
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Three major natural gas projects in offing
PORT MORESBY, Papua New Guinea (PNG Post-Courier, Dec. 14, 2009) - PAPUA New Guinea is set to become the second largest Liquefied Natural Gas producer in the Asia - Pacific region after Australia with three liquefied natural gas projects in the pipeline, According to Bloomberg, Papua New Guinea may produce up to 15 million metric tonnes of the fuel almost enough to supply Taiwan and India based on 2008 demand.
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VANUATU BUDGETS $3 MILLION TO HOST PACIFIC FORUM |
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Thursday, 17 December 2009 15:21 |
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WELLINGTON, New Zealand (Radio New Zealand International, Dec. 15, 2009) – The Vanuatu parliament approved an allocation of US$3.1 million to host next year’s Pacific Islands Forum. The finance minister, Sela Molisa, says the money will be used to cover the expenses of the participation of 16 members countries at the summit starting from their arrival until their departure.The date of the summit has not been announced yet.
Australia is the Forum chair since hosting the annual gathering in Cairns in August. Fiji, which has the headquarters of the Forum secretariat, was suspended this year [after] its military-led government reneged on a promise to hold elections two and half years after the last coup.
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U.S. GIVES JAPAN ULTIMATUM ON OKINAWA TRANSFER |
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Thursday, 17 December 2009 15:12 |
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Mixed signals draw tough response from Washington
By Romeo Carlos
SAIPAN, CNMI (Marianas Variety, Dec. 15, 2009) – THE United States has given Japan until the end of this week to decide whether or not it will implement the 2006 pact involving the relocation of U.S. marines in Okinawa, saying the 2011 budget allocation for the transfer plan is at stake, Yomiuri Shimbun reported.
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